USD 10.75% Tech Plus+ Protect Reverse Convertible Bond – available on secondary market

1 year term, fixed interest rate of 10.75% and a barrier at 60% of each share only at the end of the term

The USD 10.75% Tech Plus+ Protect Reverse Convertible Bond combines a fixed interest rate of 10.75% with a partial safety mechanism for the invested capital until the barrier. The barrier is only active at the end of the term. The interest amount (USD 107.50) is paid out at the end of the term, regardless of how the three underlying shares perform.

The share basket is made up of three worldwide known US IT-companies. The iPhone and computer producer Apple Inc., the social network provider Facebook Inc. and the internet giant Google Inc. form the share basket.

The certificate and the underlying shares are denominated in USD.

The certificate is redeemed at 100% of the nominal value at the maturity date (October 2016), provided that the price of each of the three underlying shares quotes at the final valuation date above their respective barrier of 60% (observation only at the end of the term).

In case the barrier is touched or undercut by at least one of the underlying shares, physical delivery applies. This means the pre-defined amount of the worst performing share is delivered (percentage performance from the starting value to the closing price at the final valuation date).

Key Facts:

  • ISIN: AT0000A1GCZ8
  • Initial valuation date: Oct 02, 2015
  • Observation: only at the end of the term (Oct 03,2016)
  • Term: 1 year (maturity date: Oct 05, 2016)
  • Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
  • Listing: Frankfurt

Further information is available at the product page: USD 10.75% Tech Plus+ Protect Reverse Convertible Bond

For more details kindly see the Product Folder (PDF).

This product, the risks and terms and conditions associated with it, are subject to and governed by the Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority, which has been deposited at Oesterreichische Kontrollbank AG and is published on www.rcb.at/SecuritiesProspectus.

For any additional information you may require do not hesitate to contact us on +43 1 515 20-484.

The Team “Structured Products” of Raiffeisen Centrobank